Īmerican Psychiatric Association.Definition: something (such as a business venture) that has an unpredictable outcomeĬrapshoot is typically encountered today written as a closed compound (single word), but when it first entered the language in the late 19th century it was generally an open compound (“crap shoot”). “ Sports Betting in the Post-PASPA Era,”. “ Informational Differences in NFL Point Spread and Moneyline Markets,” Pages 3, 4, and 9. Ohio University and the University of West Florida, via SSRN. “ Global Gambling Market to Reach $876 Billion by 2026.” “ Gambling - Global Market Trajectory & Analytics.” “ Interactive Map: Sports Betting in the U.S.” “ Finding Inefficiency in Sports Betting Markets a Look Through NFL Confidence Pick’Em Biases.”Īmerican Gaming Association. New York University, Stern School of Business. “ Are Money Line Odds in UFC Matches Calibrated? Evidence from Events in 2019–2020.” “ A Test of Efficiency in NBA Point Spread Markets,” Pages 1–2 (Pages 7–8 of PDF).Īstellas Pharma, via SSRN.

OhioLINK (Ohio Library and Information Network), Electronic Theses & Dissertations Center. If, for example, a football game had a money line of Team A (+150) and Team B (-170), then the bettor immediately knows a couple of things: Team B is expected to win, and a bet on it will also pay out less, because it is favored. Bookmakers separate out teams into favorites and underdogs. There’s a negative integer for the team considered more likely to win (the favorite) and a positive integer for the one considered more likely to lose (the underdog). The “money line,” in betting terminology, refers to the integers that show the payoffs for betting on a game.

Gambling always involves a negative expected return-the house always has the advantage.

Payouts still take into account the odds of a game, with the teams split into two neatly organized categories: favorite and underdog.

A money line bet is considered to be the least complicated kind of bet because what is at stake is so straightforward: who will win.

The term “money line” represents the payouts for winning the bet, with a negative integer for the underdog and a positive one for the favorite.

Money line bets are bets placed on a game’s conclusion.

What does call mean in gambling